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Dec 26, 2012
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that could shut down ports from boston to houston. 15,000 dock workers are preparing to strike after this weekend. after contract negotiations between international longshoremen's union and shippers broke down. groups are calling on president obama to step in, believe it or not to avoid billions in losses. they're citing a 2002 lockout at west coast ports, at west coast ports that caused the economy one billion dollars a day. this is after a push by federal mediators, the two sides agreed to come to the table again. no word when those talks are scheduled. the only up shot to the whole thing, lori, the big shipping season is over. lori: that is one of the mitigating factors. tracy: it might not be as damaging to the economy. we're talking about royalty fees here. lori: we're talking about royalty fees. a union story. union having more of an influence given size of this economy and industry. this is what the critics are saying about it. more big bad union news there for you. let's check the markets. stocks are off the worst less of the session. let's check in with nicole on the floor o
that could shut down ports from boston to houston. 15,000 dock workers are preparing to strike after this weekend. after contract negotiations between international longshoremen's union and shippers broke down. groups are calling on president obama to step in, believe it or not to avoid billions in losses. they're citing a 2002 lockout at west coast ports, at west coast ports that caused the economy one billion dollars a day. this is after a push by federal mediators, the two sides agreed to...
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Dec 26, 2012
12/12
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boston to houston threatening to go on strike by early as this weekend. the strike could cost billions of dollars. a ten day port lockout in 2002 cost $1 billion a day and caused a major backlog and shipment. those same officials have called on the president to use emergency powers to avoid a coast guard port shutdown. talks broke down last week. federal ridi haters are hopeful to avoid a total shutdown. it was a customers tree this christmas with retailers slashing prices and hope of mary profit. did those deals bring in the dollar? adam shapiro is joining that story. >> it did not bring in the dollars the same way it has in years past. here are the numbers according to its polls. this is not indicative of those holders. from the period of october 28 through december 24, sales only grew by seven tenths of a percent. sales grew by 2%. as we take a look at some of our favorite video, people actually shopping, the retail federation is sticking to its prediction. we will see year over year growth for the holiday season. they are predicting we will have a $58
boston to houston threatening to go on strike by early as this weekend. the strike could cost billions of dollars. a ten day port lockout in 2002 cost $1 billion a day and caused a major backlog and shipment. those same officials have called on the president to use emergency powers to avoid a coast guard port shutdown. talks broke down last week. federal ridi haters are hopeful to avoid a total shutdown. it was a customers tree this christmas with retailers slashing prices and hope of mary...
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Dec 28, 2012
12/12
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boston of northeast all the way down to the gulf of mexico and houston texans. billions and billions of dollars worth of goods. >> it is not just the local area. it is the entire region and the state and going nationally, as well. if we had gone over the fiscal cliff, the strike would also happened over the weekend and it would be a one, two economic punch. david: it took six months for the recovery after the last one. let's talk about hp. they are taking quite a bit of a hit in the market today. the pc and printer company has other headaches to deal with. giovanni josie has the stories. shibani: this is just a matter of time. the company revealing in a legal filing late yesterday that the department of justice has launched a firm and formal investigation into the $11 billion acquisition of software maker autonomy. the buyout led to a loss of questions with counting and write off from hp. hp accusing the company of cooking the books that led to inflated purchasing. even still the company's founder and ceo remains that he did nothing wrong. "we will cooperate wit
boston of northeast all the way down to the gulf of mexico and houston texans. billions and billions of dollars worth of goods. >> it is not just the local area. it is the entire region and the state and going nationally, as well. if we had gone over the fiscal cliff, the strike would also happened over the weekend and it would be a one, two economic punch. david: it took six months for the recovery after the last one. let's talk about hp. they are taking quite a bit of a hit in the...
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Dec 28, 2012
12/12
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from boston, new york, new jersey, philadelphia, to houston texas. all of those ports would have been basically frozen, as far as the container shipping would have gone. that mess would have been layoffs and loss of income. of course, all of those consumer products in those containers such as electronics, auto parts, airline parts, frozen foods, clothing, manufacturing goods, all of that would have been frozen. prices going up for the remainder. this would have been a one, two, knockout punch. many experts. this would have absolutely triggered a recession. this container cliff, by all accounts, has been adverted by basically the last minute. that is great news for the ports, as well as, the u.s. commerce, jobs in the u.s. president did not get faced with the choice of invoking the tax which would have declared the strike illegal. he would have completely alienated all of that labor supporting he just had in the campaign. everything looking good so far. we will get more details and report back on this later here in the day. dagen: thank you so much. p
from boston, new york, new jersey, philadelphia, to houston texas. all of those ports would have been basically frozen, as far as the container shipping would have gone. that mess would have been layoffs and loss of income. of course, all of those consumer products in those containers such as electronics, auto parts, airline parts, frozen foods, clothing, manufacturing goods, all of that would have been frozen. prices going up for the remainder. this would have been a one, two, knockout punch....
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they have to face tough decisions and chris mayo is head of health care practice and joins us now from houston. thanks for joining us. what are two or three of the most important things you can tell business people watching for what they have to do to just? >> thanks, dennis. issue number one, the most important thing is to be aware of the new regulations that are coming out. there will be hundreds of pages of regulations between now and the end of the first quarter and they're going to need to know those rules because those rules fill in gaps the obamacare legislation left out. those rules of telling you how to calculate full time employees, how to provide notice to those employees of the new benefit provisions if you in fact change the terms of your plan. another big thing to keep in mind is how to absorb the new cost. there will be cost across the board. obviously there will be premium advances because cost of doing business in the insurance industry will go up. there's also going to be administrative fees that will be tacked on to the insurance companies for participating in the health-car
they have to face tough decisions and chris mayo is head of health care practice and joins us now from houston. thanks for joining us. what are two or three of the most important things you can tell business people watching for what they have to do to just? >> thanks, dennis. issue number one, the most important thing is to be aware of the new regulations that are coming out. there will be hundreds of pages of regulations between now and the end of the first quarter and they're going to...
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Dec 20, 2012
12/12
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houston mills and he is one of the pilots who fly your packages, twenty million today, three million to this facility, the busy day. >> it is a great day. we execute like none other in the world and we're excited to get those out for all the customers around world. >> you have been flying for 18 years, marine fighter pilot, you fly all over the world. people don't think of ups this way. you think of ups as guys in a brown trucks but your trek has legs. >> 2,000 vehicles overall, 230 aircraft over 500 aircraft in the facilities, we connect all over the world whether by ocean or train or package car or flight, a total long-distance provider. >> that is what people don't realize. this is a corporation with $53 billion in revenue, can shift five million packages. >> we go to operation all the time. as you mentioned twenty-eight million packages, tomorrow night or friday morning, six million packages. we are 24/7. >> merry christmas and happy flying. back to you, tracy. chocolate written on it, my producer grabbed it. tracy: adam shapiro, thank you very much. ashley: a lot of room. it is
houston mills and he is one of the pilots who fly your packages, twenty million today, three million to this facility, the busy day. >> it is a great day. we execute like none other in the world and we're excited to get those out for all the customers around world. >> you have been flying for 18 years, marine fighter pilot, you fly all over the world. people don't think of ups this way. you think of ups as guys in a brown trucks but your trek has legs. >> 2,000 vehicles...